SunGard announced today a joint marketing agreement between its ProNvest and Signix business units with Wealth Management Systems Inc. (WMSI), a leading provider of technology-based rollover services.
This alliance expands the professional advice and guidance services available to participants using the WMSI platform and will help ProNvest to streamline and expand its rollover processing by leveraging WMSI's technology. Both companies will cross-sell to the other's customer base.
The new arrangement integrates SunGard's professional advice, rollover processing and digital signature solutions with WMSI's rollover technology, to achieve a functional participant advice and distribution platform. Highlights include paperless document processing, open-architecture investment advice, and connectivity from SunGard recordkeeping systems to IRA product providers in WMSI's Rollover Solutions Network.
Jude Metcalfe, chief executive officer of WMSI, stated, "Our agreements with SunGard's ProNvest and Signix will help drive new capabilities to the retirement sector. We can now jointly provide automated and bundled wealth management and transition services to TPAs and their plan participants. This increases our capabilities for expanding the WMSI Rollover Solutions Network."
"Plan participants on SunGard's recordkeeping systems can select professionally managed IRA services through a paperless rollover process using Signix," said Jay Jumper, president of SunGard's ProNvest and Signix business units. " In many cases, this is the same managed account services they were provided within their company retirement plan."